Teacher Retirement System of Texas Sells 45,801 Shares of UGI Co. (NYSE:UGI)

Teacher Retirement System of Texas lessened its holdings in shares of UGI Co. (NYSE:UGI) by 64.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 24,910 shares of the utilities provider’s stock after selling 45,801 shares during the quarter. Teacher Retirement System of Texas’ holdings in UGI were worth $703,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. S.A. Mason LLC acquired a new position in shares of UGI during the 4th quarter worth approximately $27,000. Flagship Wealth Advisors LLC bought a new position in UGI during the fourth quarter worth $30,000. Golden State Wealth Management LLC acquired a new position in shares of UGI in the fourth quarter valued at $36,000. Vision Financial Markets LLC bought a new position in shares of UGI in the fourth quarter valued at about $36,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of UGI during the 4th quarter worth about $37,000. Institutional investors own 82.34% of the company’s stock.

UGI Stock Down 0.2 %

Shares of UGI opened at $32.88 on Monday. The firm has a market cap of $7.06 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 2.26 and a beta of 1.17. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.82 and a current ratio of 1.00. UGI Co. has a 52 week low of $22.01 and a 52 week high of $34.49. The firm’s 50-day simple moving average is $32.26 and its 200 day simple moving average is $28.33.

UGI (NYSE:UGI) last released its quarterly earnings results on Wednesday, February 5th. The utilities provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16. UGI had a return on equity of 15.19% and a net margin of 7.73%. On average, analysts forecast that UGI Co. will post 3.02 earnings per share for the current year.

UGI Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.50 annualized dividend and a dividend yield of 4.56%. UGI’s dividend payout ratio (DPR) is presently 59.06%.

Insider Buying and Selling

In related news, insider Michael Sharp purchased 4,806 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of $33.30 per share, for a total transaction of $160,039.80. Following the completion of the purchase, the insider now owns 4,806 shares in the company, valued at approximately $160,039.80. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by insiders.

UGI Profile

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.